Jack Daniel’s Maker Reveals Surprising Reason Why Americans Are Drinking Less Whiskey

Jack Daniel’s maker reveals surprising reason why Americans are drinking less whiskey

Brown-Forman CEO Lawson Whiting lower demand for liquor on cannabis, weight-loss drugs and lackluster demand from Generation Z.

Jack Daniel's maker reveals surprising reason why Americans are drinking less whiskey

Executives from Jack Daniel's parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z. Brown-Forman CEO Lawson Whiting told analysts on an earnings call that the "same big three" is the reason that there has been lower demand for liquor. "We've been saying that for 1.5 years now. And I know on the sell-side that the world seems to be a little bit spl…

Marijuana Legalization Is Putting ‘Pressure’ On Alcohol Industry, CEO Of Jack Daniel’s Parent Company Says Amid Profit Losses

The growing use of marijuana as an alternative to alcohol is putting “pressure” on the spirits industry, contributing to a decline in profits in recent years, the president of a major alcohol company with ancillary brands such as Jack Daniel’s and Woodford Reserve says. During an earnings call on Thursday, Brown-Forman Corporation CEO Lawson Whiting was asked how to account for a 5 percent decline in net sales across its portfolio of alcohol com…

Financial News Network - Jack Daniel's maker reveals surprising reason why Americans are drinking less whiskey

Brown-Forman executives warn of continued pressure on liquor sales from cannabis, weight-loss drugs and Gen Z consumers, though spirits still gain market share from beer and wine.Read More …

Cannabis Over Alcohol? The Beverage Threat To Big Booze

On this episode of the Trade To Black podcast, Shadd Dales and Anthony Varrell break down four major stories that every serious cannabis investor should be tracking right now. First, Brown-Forman CEO Lawson Whiting says cannabis is a risk to the alcohol industry. JAMA Internal medicine has some surprising data in geriatric marijuana use. North Carolina’s governor is looking at reform, and finally, a federal proposal that could cause a major wave…

Marijuana Legalization Is Putting ‘Pressure’ On Alcohol Industry, CEO Of Jack Daniel’s Parent Company Says Amid Profit Losses - Cannabis News World

The growing use of marijuana as an alternative to alcohol is putting “pressure” on the spirits industry, contributing to a decline in profits in recent years, the president of a major alcohol company with ancillary brands such as Jack Daniel’s and Woodford Reserve says. During an earnings call on Thursday, Brown-Forman Corporation CEO Lawson Whiting The post Marijuana Legalization Is Putting ‘Pressure’ On Alcohol Industry, CEO Of Jack Daniel’s P…